EUR/USD trend trade explained. Reasons for trade:
- Strong Bearish engulfing candle close on the 4H, which engulfed previous 3 candles.
- Price action found resistance off the 21EMA on the 4H.
- Failed to close about the 38.2% fib @ 1.3256
- 1H closed under previous support @ 1.3188
Any questions please ask.
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